The Management of NIREUS is implementing its strategic plans according to the developments in the industry, while it remains commited to its position that does not preclude the consideration of proposals for the consolidation of the industry, as long as these will improve the financial situation of the new entities, will add value to the business and will enhance its competitiveness in the international markets to which its products are exported.    

It is also obvious that for any plan to be successful it must first secure the consent of the management teams, the shareholders, the banks and the creditors in general, as well as the relevant supervising authorities.  

The Board of Directors  

12 November 2013